This paper shows that there are two different phases in economics. These are the primal and dual problems. In the primal problem phase, capital expenditures of private corporations grow, creating an impetus towards th...This paper shows that there are two different phases in economics. These are the primal and dual problems. In the primal problem phase, capital expenditures of private corporations grow, creating an impetus towards the maximization of profits. In this case, as Adam Smith once wrote, the ＂invisible hand of God＂ works to lead the economy to a significant growth. This paper defines the concept of economic growth, bubble economy and destruction of bubble economy. And this paper describes why bubble economy occurs and crashes. In the process, this paper shows that primal economy exists before bubble economy and dual economy exists after destruction of bubble economy.展开更多
Through the attempt to clarify justifiable economic circumstances where a policy of globalization and/or a policy of national isolation is proven valid, the author revealed in this thesis that there are two such econo...Through the attempt to clarify justifiable economic circumstances where a policy of globalization and/or a policy of national isolation is proven valid, the author revealed in this thesis that there are two such economic phases： An economy where the theory of comparative advantage, proposed by David Ricardo, is applicable, and an economy where the theory is not applicable. The author applied his original approach to prove the validity of Ricardo＇s comparative advantage theory, and found that the theory can be justified only when a macro economy is in the primal problem phase, where a policy of globalization is effective. It is a necessary and sufficient condition for the theory to be valid. In other words, Ricardo＇s theory of comparative advantage is not applicable when a macro economy is in the dual problem phase, where a policy of national isolation, instead of that of globalization, is valid. The primal problem phase and the dual problem phase of a macro economy, called in this thesis by the author, are a version of an expression quite common in OR （operations research）.展开更多
Through his attempt to clarify justifiable economic circumstances where a policy of globalization and/or a policy of national isolation is proven valid, the author reveals in this thesis that there are two such econom...Through his attempt to clarify justifiable economic circumstances where a policy of globalization and/or a policy of national isolation is proven valid, the author reveals in this thesis that there are two such economic phases： an economy where the theory of comparative advantage, proposed by David Ricardo, is applicable, and an economy where the theory is not applicable. The author applied his original approach to prove the validity of Ricardo＇s comparative advantage theory, and found that the theory can be justified only when a macro economy is in the thetical economic phase, where a policy of globalization is effective. It is a necessary and sufficient condition for the theory to be valid. In other words, Ricardo＇s theory of comparative advantage is not applicable when a macro economy is in the antithetical economic phase, where a policy of national isolation, instead of that of globalization, is valid. The thetical economic phase and the antithetical economic phase of a macro economy, referred to in this thesis by the author, are a version of an expression quite common in OR （operations research）.展开更多
文摘This paper shows that there are two different phases in economics. These are the primal and dual problems. In the primal problem phase, capital expenditures of private corporations grow, creating an impetus towards the maximization of profits. In this case, as Adam Smith once wrote, the ＂invisible hand of God＂ works to lead the economy to a significant growth. This paper defines the concept of economic growth, bubble economy and destruction of bubble economy. And this paper describes why bubble economy occurs and crashes. In the process, this paper shows that primal economy exists before bubble economy and dual economy exists after destruction of bubble economy.
文摘Through the attempt to clarify justifiable economic circumstances where a policy of globalization and/or a policy of national isolation is proven valid, the author revealed in this thesis that there are two such economic phases： An economy where the theory of comparative advantage, proposed by David Ricardo, is applicable, and an economy where the theory is not applicable. The author applied his original approach to prove the validity of Ricardo＇s comparative advantage theory, and found that the theory can be justified only when a macro economy is in the primal problem phase, where a policy of globalization is effective. It is a necessary and sufficient condition for the theory to be valid. In other words, Ricardo＇s theory of comparative advantage is not applicable when a macro economy is in the dual problem phase, where a policy of national isolation, instead of that of globalization, is valid. The primal problem phase and the dual problem phase of a macro economy, called in this thesis by the author, are a version of an expression quite common in OR （operations research）.
文摘Through his attempt to clarify justifiable economic circumstances where a policy of globalization and/or a policy of national isolation is proven valid, the author reveals in this thesis that there are two such economic phases： an economy where the theory of comparative advantage, proposed by David Ricardo, is applicable, and an economy where the theory is not applicable. The author applied his original approach to prove the validity of Ricardo＇s comparative advantage theory, and found that the theory can be justified only when a macro economy is in the thetical economic phase, where a policy of globalization is effective. It is a necessary and sufficient condition for the theory to be valid. In other words, Ricardo＇s theory of comparative advantage is not applicable when a macro economy is in the antithetical economic phase, where a policy of national isolation, instead of that of globalization, is valid. The thetical economic phase and the antithetical economic phase of a macro economy, referred to in this thesis by the author, are a version of an expression quite common in OR （operations research）.
